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Bwin.party digital said to a likely target for US giant

Thursday August 18,2011 : The mounting media coverage on the possible legalisation of internet gambling or poker in the United States has triggered a series of as yet unconfirmed rumours regarding US companies taking over already successful European online groups.
 
The motivation for the rumours is understandable; if the lucrative American online gambling or poker market is unlocked by lawmakers, major US gambling groups may seek a fast and easier entry by acquiring well established companies with the expertise and experience to make quick progress....and which have the additional attraction of a current international player base.
 
The most persistent of the rumours appeared in the UK newspaper, the Independent, this week, which reported that speculation on a possible takeover of the Bwin.party digital group by US giant Wynn Resorts was rife.
 
The report reasoned that the 45 percent fall in the company's share price that has taken place since the merger of Bwin and Party Gaming in March this year made it an attractive target...should online gambling be legalised in the USA.
 
It is known that the aggressive owner of Wynn Resorts, Steve Wynn, is interested in the US online poker market - earlier this year he was involved in a partnership agreement with Pokerstars.com, an arrangement conditional on internet poker becoming federally legalised.
 
That very promising venture was dropped in the wake of the Black Friday enforcement debacle, in which Pokerstars execs were named.
 
The rumours of a Wynn interest in Bwin.party digital lifted the share price slightly midweek.
 
There has also been speculation that a takeover or merger bid for Bwin.party digital may originate nearer to home - from the British group William Hill plc, which is reputed to be actively expanding, especially in its successful online operations under the William Hill Online banner.
 
None of the companies mentioned in the reports has so far commented, and the rumours remain unconfirmed and subject to speculation.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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